Greenhill increases size and price of share buyback

Move comes a fortnight after US advisory firm revealed its recapitalisation plan

By

Vivek Ahuja

October 9, 2017 12:40 p.m. GMT

US advisory firm Greenhill has upped the amount of stock it aims to buy back in a recapitalisation programme announced a fortnight ago by more than a fifth, and sweetened the price it is offering for the shares.

The firm has been grappling with slower-than-expected takeover activity this year, partly because of its focus on larger, international transactions than some of its rivals.